Procurement Analyst

A procurement Analyst is a professional responsible for sourcing, evaluating, and purchasing the goods, services, and materials an organization needs to operate while managing supplier relationships and controlling costs

Quiz Questions

Q259: Goods cost 60 per unit for an order of 80 units and freight for the whole shipment is 960. What is the landed cost per unit (price plus freight)?

1,020

79.20

Q260: Which procurement term best matches this description: a process in which a neutral person helps the parties reach their own settlement?

Jurisdiction clause

Dead stock

Mediation

Net 30

Root cause analysis

Q261: Which procurement term best matches this description: the order size that minimizes the combined ordering and holding costs?

Economic order quantity (EOQ)

Bin card

Accounts payable